🚨 Big stablecoin moves brewing in China?
According to Reuters, JD.com and Alibaba’s Ant Group are urging China’s central bank to approve yuan-based stablecoins — proposing launches in Hong Kong, pegged to the offshore yuan (CNH) 💴
This could be a massive step for crypto-fiat integration in Asia’s largest economy 👀
If approved, we’re talking about:
🔸 Cross-border payments without USD
🔸 Stablecoin innovation led by tech giants
🔸 Hong Kong solidifying its crypto-friendly pivot
Will China stealth-launch the next big stablecoin revolution? 🧨